The intent is that the alliance shall plan and execute sanctioned production and exploration drilling activities by using an integrated well delivery model. This means that Odfjell Drilling will drill wells suitable for semi-submersibles for Aker BP, subject Odfjell Drilling’s rig availability and that the alliance model is approved in the respective licenses.
The area of operation will be on the Norwegian Continental Shelf.
Quote from Simen Lieungh, CEO: “The award from Aker BP is recognition of Odfjell Drilling’s capabilities to deliver safe and efficient operations. Aker BP’s focus on innovation and collaboration is a perfect match with our operational philosophy and we believe that digitalization is a key enabler for further increasing productivity in drilling operations. In order to successfully deliver on this agenda, the parties need to collaborate closer over time and this alliance is an important step in that direction”.
For further queries, please contact: Eirik Knudsen, VP Corporate Finance & Investor Relations +47 934 59 173 email@example.com
21 November 2017
Odfjell Drilling Ltd.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Reference is made to the stock exchange notice of 21 April 2017 whereby Odfjell Drilling announced a one-well contract plus two optional wells for its semi-submersible Deepsea Bergen with OMV (Norge) (“OMV”). The first well was finalized in April 2018 with a successful discovery as earlier reported by OMV.
ODL – Odfjell Drilling signs drilling contract for Deepsea Atlantic and the Master Frame Agreement with Equinor
Please find attached the Q1 2018 Presentation which will be used as a basis for today’s investor conference call at 15.00hrs CET.
Odfjell Drilling Ltd. reports for the first quarter of 2018
Reference is made to the stock exchange notice of 19 April 2018 whereby Odfjell Drilling Ltd ("Odfjell Drilling " or the "Company") announced the successful completion of the private placement raising gross proceeds of approximately USD 175 million (the “Private Placement”) with the purpose of financing growth within its mobile offshore drilling fleet and general corporate purposes.